it isn’t made of gold silver platinum or paper
paper
paper it can’t be physically touched or be put
it can’t be physically touched or be put
it can’t be physically touched or be put into your piggy bank
into your piggy bank
into your piggy bank it’s cryptocurrency and it’s completely
it’s cryptocurrency and it’s completely
it’s cryptocurrency and it’s completely digital you could shop with it but it
digital you could shop with it but it
digital you could shop with it but it stands for something more
stands for something more
stands for something more it stands for revolution in technology
it stands for revolution in technology
it stands for revolution in technology digital currency as the name implies
digital currency as the name implies
digital currency as the name implies only exists electronically both know one
only exists electronically both know one
only exists electronically both know one example is Bitcoin which some of you may
example is Bitcoin which some of you may
example is Bitcoin which some of you may have heard of but most of you don’t know
have heard of but most of you don’t know
have heard of but most of you don’t know is how it really works how the
is how it really works how the
is how it really works how the underlying technology of the coin will
underlying technology of the coin will
underlying technology of the coin will eventually change the world so what
eventually change the world so what
eventually change the world so what makes this Bitcoin so special Bitcoin
makes this Bitcoin so special Bitcoin
makes this Bitcoin so special Bitcoin and all the other cryptocurrencies are
and all the other cryptocurrencies are
and all the other cryptocurrencies are these edge lives meaning that there are
these edge lives meaning that there are
these edge lives meaning that there are no governments authorities or companies
no governments authorities or companies
no governments authorities or companies that decide how many bitcoins are
that decide how many bitcoins are
that decide how many bitcoins are produced controlling the price of the
produced controlling the price of the
produced controlling the price of the currency or investigating fraud the
currency or investigating fraud the
currency or investigating fraud the technology that makes this all happen
technology that makes this all happen
technology that makes this all happen it’s called blockchain so how does it
it’s called blockchain so how does it
it’s called blockchain so how does it work you and your family sideways a
work you and your family sideways a
work you and your family sideways a monopoly but the thing is is when you
monopoly but the thing is is when you
monopoly but the thing is is when you open the box you find out that the fake
open the box you find out that the fake
open the box you find out that the fake money isn’t there so solve the problem
money isn’t there so solve the problem
money isn’t there so solve the problem each player pulls out a sheet paper
each player pulls out a sheet paper
each player pulls out a sheet paper starts to write down who owes who how
starts to write down who owes who how
starts to write down who owes who how much all the other data is necessary to
much all the other data is necessary to
much all the other data is necessary to play and of course it’s monopoly so no
play and of course it’s monopoly so no
play and of course it’s monopoly so no one really trust each other are keeping
one really trust each other are keeping
one really trust each other are keeping information each player keeps their own
information each player keeps their own
information each player keeps their own copy separate until the end of each
copy separate until the end of each
copy separate until the end of each round then everyone compares the sheets
round then everyone compares the sheets
round then everyone compares the sheets of paper find out was made an honest
of paper find out was made an honest
of paper find out was made an honest mistake it happens and we all know that
mistake it happens and we all know that
mistake it happens and we all know that Badawi takes a very long time to finish
Badawi takes a very long time to finish
Badawi takes a very long time to finish and in most cases it never ends up
and in most cases it never ends up
and in most cases it never ends up looking like this but after all this
looking like this but after all this
looking like this but after all this time each player will have 10 pages of
time each player will have 10 pages of
time each player will have 10 pages of data if you consider one page of data a
data if you consider one page of data a
data if you consider one page of data a block of information and one page linked
block of information and one page linked
block of information and one page linked to the other like chain final product
to the other like chain final product
to the other like chain final product will be a blockchain essentially it’s a
will be a blockchain essentially it’s a
will be a blockchain essentially it’s a growing list of Records called blocks
growing list of Records called blocks
growing list of Records called blocks that are linked distributed it’s secure
that are linked distributed it’s secure
that are linked distributed it’s secure the consequences of blockchain
the consequences of blockchain
the consequences of blockchain technology could especially be
technology could especially be
technology could especially be life-changing for people that live in
life-changing for people that live in
life-changing for people that live in underdeveloped or disadvantaged country
underdeveloped or disadvantaged country
underdeveloped or disadvantaged country developing countries are confronted with
developing countries are confronted with
developing countries are confronted with life changing situations on a daily
life changing situations on a daily
life changing situations on a daily basis dictatorships social violence
basis dictatorships social violence
basis dictatorships social violence national disasters but this is where
national disasters but this is where
national disasters but this is where block shake can truly blossom and make a
block shake can truly blossom and make a
block shake can truly blossom and make a difference just until recently a man
difference just until recently a man
difference just until recently a man named Mugabe has been in power in
named Mugabe has been in power in
named Mugabe has been in power in Zimbabwe
Zimbabwe
Zimbabwe ever since 1980 he’s known for being
ever since 1980 he’s known for being
ever since 1980 he’s known for being racist homophobic it’s committed
racist homophobic it’s committed
racist homophobic it’s committed countless crimes against humanity but
countless crimes against humanity but
countless crimes against humanity but what do you say miss Warren Zimbabwe is
what do you say miss Warren Zimbabwe is
what do you say miss Warren Zimbabwe is stripping people of what they own most
stripping people of what they own most
stripping people of what they own most importantly their land consider this man
importantly their land consider this man
importantly their land consider this man owns a small piece of land that has been
owns a small piece of land that has been
owns a small piece of land that has been in his family for generation after
in his family for generation after
in his family for generation after generation yes two small kids which he
generation yes two small kids which he
generation yes two small kids which he feeds because of what he farms this land
feeds because of what he farms this land
feeds because of what he farms this land is this man’s everything it’s his life
is this man’s everything it’s his life
is this man’s everything it’s his life but one year government officials knock
but one year government officials knock
but one year government officials knock on his door and tell her that his land
on his door and tell her that his land
on his door and tell her that his land isn’t this dog government files just
isn’t this dog government files just
isn’t this dog government files just like this he loses everything
like this he loses everything
like this he loses everything how can block chain something so virtual
how can block chain something so virtual
how can block chain something so virtual so intangible change the outcome of
so intangible change the outcome of
so intangible change the outcome of something so real you project called bit
something so real you project called bit
something so real you project called bit land has been up and running in Africa
land has been up and running in Africa
land has been up and running in Africa it hopes to give the Africans a better
it hopes to give the Africans a better
it hopes to give the Africans a better method to record title deeds using the
method to record title deeds using the
method to record title deeds using the bitmap blockchain it man stores the
bitmap blockchain it man stores the
bitmap blockchain it man stores the deeds inside the blockchain an infinite
deeds inside the blockchain an infinite
deeds inside the blockchain an infinite number of dictators or evil men can’t
number of dictators or evil men can’t
number of dictators or evil men can’t change the proof of ownership of your
change the proof of ownership of your
change the proof of ownership of your home the people that maintain that the
home the people that maintain that the
home the people that maintain that the data on the blockchain are called miners
data on the blockchain are called miners
data on the blockchain are called miners these miners have massive amounts of
these miners have massive amounts of
these miners have massive amounts of computer power all they do is check the
computer power all they do is check the
computer power all they do is check the blockchain they’re compared to the
blockchain they’re compared to the
blockchain they’re compared to the blockchain of other miners making sure
blockchain of other miners making sure
blockchain of other miners making sure that everything on there is the correct
that everything on there is the correct
that everything on there is the correct data the websites and applications that
data the websites and applications that
data the websites and applications that we use nowadays by the internet all
we use nowadays by the internet all
we use nowadays by the internet all contain duplicated data of whatever
contain duplicated data of whatever
contain duplicated data of whatever reviewing whether it be an email a PDF
reviewing whether it be an email a PDF
reviewing whether it be an email a PDF or a YouTube video on kittens isn’t the
or a YouTube video on kittens isn’t the
or a YouTube video on kittens isn’t the original version but this is where
original version but this is where
original version but this is where blockchain changes everything all she
blockchain changes everything all she
blockchain changes everything all she makes sure that anything you put or
makes sure that anything you put or
makes sure that anything you put or store on the Internet
store on the Internet
store on the Internet is the original version and cannot be
is the original version and cannot be
is the original version and cannot be copied
copied
copied promising possibilities for contracts
promising possibilities for contracts
promising possibilities for contracts stocks bonds money all types of assets
stocks bonds money all types of assets
stocks bonds money all types of assets we put and stored on the internet
we put and stored on the internet
we put and stored on the internet without having the risk of them being
without having the risk of them being
without having the risk of them being lost this technology will definitely
lost this technology will definitely
lost this technology will definitely revolutionize certain fields and one of
revolutionize certain fields and one of
revolutionize certain fields and one of the most important will be the bank
the most important will be the bank
the most important will be the bank system one of the main rules the bank
system one of the main rules the bank
system one of the main rules the bank has nowadays is transferring money in
has nowadays is transferring money in
has nowadays is transferring money in 2016 for national sent around four
2016 for national sent around four
2016 for national sent around four hundred and forty two billion dollars
hundred and forty two billion dollars
hundred and forty two billion dollars back home to their families and the
back home to their families and the
back home to their families and the average transaction cost was a ten
average transaction cost was a ten
average transaction cost was a ten percent now banks will tell you this
percent now banks will tell you this
percent now banks will tell you this fees for being reliable and convenient
fees for being reliable and convenient
fees for being reliable and convenient 10 percent convenient I like to call it
10 percent convenient I like to call it
10 percent convenient I like to call it legalized theft it’s nice of you and
legalized theft it’s nice of you and
legalized theft it’s nice of you and thank you but what if I don’t want to be
thank you but what if I don’t want to be
thank you but what if I don’t want to be forced to pay a third party my family
forced to pay a third party my family
forced to pay a third party my family for his immigrant name that I’m saving
for his immigrant name that I’m saving
for his immigrant name that I’m saving every month
every month
every month she sends her money back home to her
she sends her money back home to her
she sends her money back home to her family in Peru she gets paid goes to the
family in Peru she gets paid goes to the
family in Peru she gets paid goes to the bank sends the money the money probably
bank sends the money the money probably
bank sends the money the money probably gets their family around five days later
gets their family around five days later
gets their family around five days later I hope you’re all asking themselves why
I hope you’re all asking themselves why
I hope you’re all asking themselves why can’t she just use Bitcoin fact she
can’t she just use Bitcoin fact she
can’t she just use Bitcoin fact she should long shank gives the possibility
should long shank gives the possibility
should long shank gives the possibility to people like I said II said assets
to people like I said II said assets
to people like I said II said assets through the internet without a third
through the internet without a third
through the internet without a third party she would buy Bitcoin for example
party she would buy Bitcoin for example
party she would buy Bitcoin for example send it to her family and her family
send it to her family and her family
send it to her family and her family would then sell it Peruvian currency all
would then sell it Peruvian currency all
would then sell it Peruvian currency all of this in a matter of 20 minutes while
of this in a matter of 20 minutes while
of this in a matter of 20 minutes while just ping the exchanges and miners 1
just ping the exchanges and miners 1
just ping the exchanges and miners 1 percent of the transaction 2014 JP
percent of the transaction 2014 JP
percent of the transaction 2014 JP Morgan one of the biggest banks in the
Morgan one of the biggest banks in the
Morgan one of the biggest banks in the world was hacked hackers were able to
world was hacked hackers were able to
world was hacked hackers were able to steal customer information that
steal customer information that
steal customer information that eventually led to huge amounts of funds
eventually led to huge amounts of funds
eventually led to huge amounts of funds being stolen from different accounts 100
being stolen from different accounts 100
being stolen from different accounts 100 million dollars exactly with blockchain
million dollars exactly with blockchain
million dollars exactly with blockchain this would have never happened all Shane
this would have never happened all Shane
this would have never happened all Shane makes it nearly impossible for any money
makes it nearly impossible for any money
makes it nearly impossible for any money to be stolen as for how to be successful
to be stolen as for how to be successful
to be stolen as for how to be successful all the data in the blockchain would
all the data in the blockchain would
all the data in the blockchain would have to be changed simultaneously and
have to be changed simultaneously and
have to be changed simultaneously and all the miners computers around the
all the miners computers around the
all the miners computers around the world blockchain possibilities are
world blockchain possibilities are
world blockchain possibilities are endless
endless
endless and eventually they will be
and eventually they will be
and eventually they will be life-changing for all of us ever since
life-changing for all of us ever since
life-changing for all of us ever since the invention of the internet we have
the invention of the internet we have
the invention of the internet we have just been scraping at the surface of its
just been scraping at the surface of its
just been scraping at the surface of its true potential but now with blockchain
true potential but now with blockchain
true potential but now with blockchain technology that belongs to the people we
technology that belongs to the people we
technology that belongs to the people we can start to avoid government and
can start to avoid government and
can start to avoid government and corporate interference in our everyday
corporate interference in our everyday
corporate interference in our everyday lives it curious look into it try and be
lives it curious look into it try and be
lives it curious look into it try and be a part of it it is in a government and
a part of it it is in a government and
a part of it it is in a government and that is it a companies it’s free to use
that is it a companies it’s free to use
that is it a companies it’s free to use and no one can take it thank you
and no one can take it thank you
and no one can take it thank you [Applause]
”
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